The Nov 2012 agreement was for up to 2.5 million shares.
I did a quick comparison of the outstanding shares from the 2012 10-K and the just completed 10-Q and the difference was about 1.6 million shares - that wouldn't include shares that have been purchased since March 31. So, it is possible that Ted put shares to them over the past several weeks and used up the remainder of the 2.5 million shares under the prior agreement - thus the impetus for the new agreement.
it's a never ending vicious cycle. Although they are not incurring any debt, they are diluting shareholder value if they are not purchasing them in the open market. So much for increasing shareholder value.
I have alot of respect for Ted based on where he has come from and what has transpired at PRPH since his appintment to CEO.. but I think it's about time they bust this thing open and bring in some new products, new revenue streams etc. The market is pressing new highs and we are floundering in the 1.80's with embarrasing volume. I'm kinda sick of the bid and ask being about 20 cents apart.
Time to take it to the next level. If you can't do it (for whatever reason), then sell off or partner up with someone that can. Put ego's and pipe dreams aside and increase shareholder value!